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PEP vs. NOVN.SW
Performance
Return for Risk
Drawdowns
Volatility
Dividends
Financials

PEP vs. NOVN.SW

Last updated Jun 13, 2026

PEP (PepsiCo, Inc.) and NOVN.SW (Novartis AG) are both stocks. PEP operates in Beverages - Non-Alcoholic (Consumer Defensive), while NOVN.SW operates in Drug Manufacturers - General (Healthcare). Over the past 10 years, PEP returned 6.62%/yr vs 14.88%/yr for NOVN.SW. At a 0.22 correlation, their price movements are largely independent.

Performance

PEP vs. NOVN.SW - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in PepsiCo, Inc. (PEP) and Novartis AG (NOVN.SW). The values are adjusted to include any dividend payments, if applicable.

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Different Trading Currencies

PEP is traded in USD, while NOVN.SW is traded in CHF. To make them comparable, the NOVN.SW values have been converted to USD using the latest available exchange rates.

Returns By Period

In the year-to-date period, PEP achieves a 2.49% return, which is significantly lower than NOVN.SW's 14.02% return. Over the past 10 years, PEP has underperformed NOVN.SW with an annualized return of 6.62%, while NOVN.SW has yielded a comparatively higher 14.88% annualized return.

PEP

1D
0.38%
1M
-2.33%
YTD
2.49%
6M
-2.36%
1Y
13.36%
3Y*
-4.09%
5Y*
2.73%
10Y*
6.62%

NOVN.SW

1D
0.14%
1M
2.51%
YTD
14.02%
6M
19.08%
1Y
30.41%
3Y*
27.01%
5Y*
19.16%
10Y*
14.88%
*Multi-year figures are annualized to reflect compound growth (CAGR)

PEP vs. NOVN.SW - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
PEP
PepsiCo, Inc.		2.49%-1.85%-7.60%-3.29%6.78%20.56%11.67%27.38%-4.81%17.82%
NOVN.SW
Novartis AG		14.02%46.11%0.96%40.69%7.23%-3.84%3.85%30.29%5.14%21.06%

Correlation

The correlation between PEP and NOVN.SW is 0.27, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.27

Correlation (3Y)
Calculated over the trailing 3-year period

0.24

Correlation (5Y)
Calculated over the trailing 5-year period

0.24

Correlation (10Y)
Calculated over the trailing 10-year period

0.22

Correlation (All Time)
Calculated using the full available price history since Sep 6, 2007

0.22

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PepsiCo, Inc.

Novartis AG

Often compared with PEP:
PEP vs. KOPEP vs. MCDPEP vs. MDLZPEP vs. COKEPEP vs. KDPPEP vs. VOOPEP vs. SCHD
Often compared with NOVN.SW:
NOVN.SW vs. NvoNOVN.SW vs. RHHBYNOVN.SW vs. NOVNOVN.SW vs. FLSWNOVN.SW vs. NESN.SWNOVN.SW vs. LLYNOVN.SW vs. VOO

Return for Risk

PEP vs. NOVN.SW — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
PEP
PEP Risk / Return Rank: 6060
Overall Rank
PEP Sharpe Ratio Rank: 6464
Sharpe Ratio Rank
PEP Sortino Ratio Rank: 5959
Sortino Ratio Rank
PEP Omega Ratio Rank: 5555
Omega Ratio Rank
PEP Calmar Ratio Rank: 6060
Calmar Ratio Rank
PEP Martin Ratio Rank: 6363
Martin Ratio Rank
NOVN.SW
NOVN.SW Risk / Return Rank: 8080
Overall Rank
NOVN.SW Sharpe Ratio Rank: 8484
Sharpe Ratio Rank
NOVN.SW Sortino Ratio Rank: 7878
Sortino Ratio Rank
NOVN.SW Omega Ratio Rank: 7878
Omega Ratio Rank
NOVN.SW Calmar Ratio Rank: 8282
Calmar Ratio Rank
NOVN.SW Martin Ratio Rank: 8181
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

PEP vs. NOVN.SW - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for PepsiCo, Inc. (PEP) and Novartis AG (NOVN.SW). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

PEPNOVN.SWDifference
Sharpe ratioReturn per unit of total volatility
0.62
1.50

-0.88

Sortino ratioReturn per unit of downside risk
1.11
2.02

-0.91

Omega ratioGain probability vs. loss probability

1.12

1.26

-0.13

Calmar ratioReturn relative to maximum drawdown

0.83

2.37

-1.54

Martin ratioReturn relative to average drawdown

2.11

5.61

-3.50

PEP vs. NOVN.SW - Sharpe Ratio Comparison

The current PEP Sharpe Ratio is 0.62, which is lower than the NOVN.SW Sharpe Ratio of 1.50. The chart below compares the historical Sharpe Ratios of PEP and NOVN.SW, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

PEP vs. NOVN.SW - Drawdown Comparison

The maximum PEP drawdown since its inception was -73.92%, which is greater than NOVN.SW's maximum drawdown of -41.02%. Use the drawdown chart below to compare losses from any high point for PEP and NOVN.SW.

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Drawdown Indicators

PEPNOVN.SWDifference

Max Drawdown

Largest peak-to-trough decline

-73.92%

-41.02%

-32.90%

Max Drawdown (1Y)

Largest decline over 1 year

-16.25%

-13.01%

-3.24%

Max Drawdown (3Y)

Largest decline over 3 years

-29.17%

-19.68%

-9.49%

Max Drawdown (5Y)

Largest decline over 5 years

-30.32%

-21.10%

-9.22%

Max Drawdown (10Y)

Largest decline over 10 years

-30.32%

-24.88%

-5.44%

Current Drawdown

Current decline from peak

-17.75%

-7.01%

-10.74%

Average Drawdown

Average peak-to-trough decline

-13.65%

-9.13%

-4.52%

Ulcer Index

Depth and duration of drawdowns from previous peaks

6.37%

5.48%

+0.89%

Volatility

PEP vs. NOVN.SW - Volatility Comparison

The current volatility for PepsiCo, Inc. (PEP) is 5.39%, while Novartis AG (NOVN.SW) has a volatility of 6.25%. This indicates that PEP experiences smaller price fluctuations and is considered to be less risky than NOVN.SW based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

PEPNOVN.SWDifference

Volatility (1M)

Calculated over the trailing 1-month period

5.39%

6.25%

-0.86%

Volatility (6M)

Calculated over the trailing 6-month period

14.62%

15.02%

-0.40%

Volatility (1Y)

Calculated over the trailing 1-year period

21.71%

20.65%

+1.06%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

18.39%

20.50%

-2.11%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

19.67%

19.56%

+0.11%

Dividends

PEP vs. NOVN.SW - Dividend Comparison

PEP's dividend yield for the trailing twelve months is around 3.98%, more than NOVN.SW's 3.03% yield.

PositionTTM20252024202320222021202020192018201720162015
NOVN.SW
Novartis AG		3.03%3.19%3.72%3.77%3.71%3.74%3.53%3.10%3.77%3.78%4.12%3.39%
PEP
PepsiCo, Inc.		3.98%3.92%3.51%2.91%2.50%2.45%2.71%2.77%3.25%2.64%2.83%2.76%

Financials

PEP vs. NOVN.SW - Financials Comparison

This section allows you to compare key financial metrics between PepsiCo, Inc. and Novartis AG. You can select fields from income statements, balance sheets, and cash flow statements to easily visualize and compare the financial health of both companies.

Quarterly
Annual

Total Revenue: Total amount of money received from sales and other business activities

Please note, different currencies. PEP values in USD, NOVN.SW values in CHF

Frequently Asked Questions

PEP and NOVN.SW have a correlation of 0.27, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

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